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The Real Deal NYC

Harvey Weinstein’s Tribeca office condo has a buyer

The Weinstein Company’s former office is getting a new lease on life. New York-based developer, Cape Advisors, is purchasing the 6,000-square-foot office condo for over $6 million, the New York Post reported. (It was originally asking $10 million.) The office on the third floor at 375 Greenwich St. was bought by Harvey Weinstein and his brother Bob in 1989 for $1.1 million. Sources who recently visited the office described its furnishings and layout to the […]

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To rent or to own? Here’s who pays more

Is it better to rent or to buy? That depends on where you live and whether you think long-term or short-term. In every state across the country, homeowners with a mortgage pay more per month than renters, but the difference is far more drastic in some than others, according to a CNBC report on U.S. Census data from 2013-2017. The reason behind the finding isn’t clear from the data, but, based on other reports, it […]

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Mardi Gras – aka selling season – hits New Orleans

Carnival season in New Orleans is here, which means it’s selling season for real estate agents. But short-term rental regulations have created a glut in the French Quarter’s condo market developed, experts told the Financial Times. Legislation banning whole-home rentals in most of the French Quarter “really screwed up” the condo market there, Patrick Knudson, broker at Dorian Bennett Sotheby’s International Realty, said. As a result, price reductions of 5 to 10 percent have become […]

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Travis Kalanick sets sights on Europe, Asia with new venture

Travis Kalanick is looking to broaden his new real estate venture around the globe. Kalanick, the former Uber CEO who is now head of Los Angeles-based City Storage Systems, has been working to expand operations into Asia and Europe, according to a report by the Financial Times, which cited people with knowledge of Kalanick’s plans. City Storage is also the parent company of CloudKitchens, which provides kitchen space to delivery-only restaurants. In 2017, Kalanick resigned […]

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Amazon on why its NYC campus fell through: “Look, the political climate was just really, really hard”

New York politics sent one of the most valuable companies in the world packing this week. A survey of Amazon representatives, lawmakers, public officials, lobbyists and others involved in the negotiations between Amazon, New York City and the state by the New York Times pieced together the final days of the efforts to finalize a deal for its now-scuttled Long Island City campus. The resulting picture is a company overwhelmed by New York’s political arena. […]

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FYI: Elon Musk wanted to bring tunnels to New York

In his quest to revolutionize travel, Elon Musk had big plans for New York City. Similarly to the tunnels under construction in Los Angeles, the Boring Company was exploring the potential of building such tunnels to transport passengers from Manhattan to John F. Kennedy International Airport, the Los Angeles Times reported. While public transportation already exists for travelers, the commute is often a dreary endeavor that often ends up lasting longer than an hour. New […]

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Local court orders Austria to pay $1.7M for Hitler’s birth home

The Austrian government has to pay five times more for Hitler’s birth home than it did two years ago, an Austrian district court has said. The new valuation of the property, 1.508 million euro or $1.7 million, was made “taking into account the particular feature that the main building was the birthplace of Adolf Hitler,” local media reported. The government had paid only about $350,000 for the property in December 2016, after it passed an […]

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The wealthy are increasingly ditching vacation homes for lavish resorts

Wealthy jet-setters are increasingly trading vacation homes for pricey resort stays. In the winter version of “summering” abroad, luxury travelers, especially among retirees, are opting for long-term stays are resorts instead of being tied down to one property, Bloomberg reported. The setup offers an array for perks for guests — and can also be a big moneymaker for hotels with nightly rates start at $200 and can rise to $700. For example, Upper East Siders […]

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J.Lo and A-Rod are the new owners of a three-story Malibu beach house

Power couple Jennifer Lopez and Alex Rodriguez are Malibu’s latest celebrity residents. Singer-actress JLo and former Yankee shortstop A-Rod were the buyers behind the $6.6 million sale of actor Jeremy Piven’s Malibu beach house last month, according to Yolanda’s Little Black Book. The three-story, 4,400-square-foot home on Malibu Road has 50 feet of beachfront and a suite of high-end conveniences. They include a sauna, soaking tub, steam shower, and a screening room. The couple are […]

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Golfer Luke Donald sells Northfield mansion

PGA Golfer Luke Donald and his wife, Diane, sold their 11,000-square-foot north suburban mansion. The one-time PGA Player of the Year and graduate of Northwestern University sold the six-bedroom at 8 South Bristol Road for $3.9 million, according to the Chicago Tribune. The couple bought the home in 2008 for $3.7 million, and first listed it in July for $4.5 million. Lindy Goss of Baird & Warner had the listing. The buyer was not identified. […]

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